The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-05-19

Lv;ile & Nash. -. ee9s N. ]. Central. -. sos
! Memphis & Char 62 Missouri Pacific 111lS
| Mobile & Ohio. 1914 Western Union 77Ss
Nash. q Chatt'a.. 50 CottonOilTrust Ger 50%
COTTON
LIVERPOOL. May IS, Observation-Disclosures
ing tendency; middling uplands sgd, mddling
Orleans SGD; sales 5000 bales, for speculation
and export 1000 bales; receipts 5000 bales
Futures -Uplands low middling clause, May
and June delivery 4s-64d. June and July
| 54S64GD5 4964d, July and August 1910
! 50-64d, August and September 50-646e5 5264d,
! September and October 41-64d, October and
| November 3l-6id, November and December
! 2S-64GS5 29-64d, September 51-6405 5S-64d.
| Market firm az the advance.
| The tenders of deliveries at to-day's clearings
amounted to 1900 bales new docket and 1 100
| bales.
Up. m.-The sales to-day were 1900 bales, Of
| which 5000 were American.
Middling uplands lS-16d, middling Orleans
| 1316d
Futures-Uplands low middling clause, May
| delivery 5064d sellers; May and June 50-64d,
sellers; June and July 50-64d, sellers; July
| and August 5l64d value; August and Sep
| TENDER 52-6id, sellers; September and october
sellers; November and December 29-64d sellers;
| September 53-B4d, sellers. Market closed
| firm.
400 p. MIXTURES: Uplands low middling
| clause, May delivery 49-64d, buyers; May and
| June 549-64d, buyers; June and July 49-64d,
| buyers; July and August 5l-64d sellers; Au-
gust and September 52-64d. sellers; September
| and October 4264d, sellers; October and No
vember 8264d value; November and Decem-
Der 29-6ld, buyers; September 55S-64d, sellers
| Futures closed quiet.
MANCHESTER, May 1s-The Guardians COM
| mercal article says: 1.-THE market is depressed
| Owing to the present discouraging condition OF
business and the gloomy prospects for the next
few weeks possible trade at anything like cur
| rent rates is exceedingly small. Meanwhile cot
| ton remains firm. Spinners do not expect such
| decline as to enable them to sell at prices
| which buyers regard as possible 1t is rumored
that they are threatened with corner for Au
! gust and September. II the rumor is true the
| boldness of men interested in the corner is very
| surprising, in view of the large stock at Liver
| pool, the full supply held by spinners and the
extremely dull condition of business. Distribu
| tors, having heard of the threatened corner, are
| discouraged from buying. They do not believe
| temporary advance win benefit them. 1t is no
| surprise, therefore, that short time and the
| stoppage of machines for both spinning and
| weaving are rapidly spreading. Orders are fast
expiring and there is no prospect of their re-
newal A large curtailment of production is,
| therefore, inevitable. Export yarns are fiat
The tendency is in favor of buyers. Cloth is
| dull India and China staples are neglected.
| Manufacturers for India are in q difficult posi-
| ton Orders daily expiring are only renewed at
ruinous terms. Although occasionally lower
offers are accepted, business is light and looms
| will be stopped"
| NEW YORK, May IS, noon.-Cotton opened
| firm; middling uplapds 10 15-16c. middling Or
| leans 111Sc: sales 266 bales.
| FuUureS-MarKeU Urn, WITH sales as IOllOWb'
May delivery 10 Sec, June 10 Sec, July 10 &c.
| August 10 90c. September 10 54c.
| scoop. m.-Market closed steady; middling up
lands 10 15-16c, middling Orleans 1l16c sales to-
day 233 bales; net receipts 81 bales, gross 2,5O7
| bales.
Futures-Market closed steady, with sales of
| GOO bales as follows: May delivery 10 $40
| 10 S5c, June 10 876D10 $50, July 10 5000 90c,
August 10 91@10 92c, September 10 5000 55c.
| October 10 04010 05c, November 9009 Ole, De-
cember 9.S9@9 9Oc, january 94G9 Csc, Febru-
| airy 10 016l10 02c, March 10 0St010 09c.
| Green g. Go. s report on cotton futures says:
| "A sitter tone waS prevalent on contracts,
| which was pretty well preserved all day, the
| market closing steady at an advance of sos
| points. The gain appeared in part due to buy
| ing orders from New Orleans, but principally
| through the influence of more cheerful cable
| advices accompanied by an effort to cover here
| against a slightly oversold Liverpool market,
| with June not so much in favor as the two fol-
| lowing months. There was no evidence of any
| great alarm among local shorts, and at the ad-
| vance quite little long cotton was allowed to
| go on the limits reached"
| GALVESTON May 1S.-Cotton steady; middling
102sc; net receipts 81 bales, gross 81 sales none;
| stock g. 1G6 bales; exports, coastwise $40 bales.
| NORFOLK, May lS.--Cotton firm; middling
| 10SSc; net receipts 566 bales, gross 56S; sales
bales; stock 4,4O3 bales; exports, coastwise 597
| bales.
BALTIMORE, May 1s.-Cotton firm; middling
| lie; net receipts none, gross none; sales none;
| stock 4, S16 bales; sales to spinners 80 bales.
Boston, Nay 1S.-Cotton steady; middling
/
WnMfSeToN, May 1s-Cotton firm; mid
ding 1880; net receipts none, gross none; sales
| PaILADELpHTA May 1s.-Cottoh firm; mid
ding 11c net receipts 593 bales, gross 59S; stock
| q .442 bales
New ORLEANS, May 1s.-Cotton firm; mid
ding 10 016c; net receipts bales gross 1,ll9;
sales 1850 bales; stock 1883 bales; exports,
coastwise 1,7S5 bales.
MOBILE, May 1s.-Cotton f1rm mddling 1ossc;
1 loI1 n
| 1,S06 bales; exports, coastwise 80 bales
| MEMPHIS, May 1S-Cotton firm; middling
10asc; receipts 80 bales; shipments 1851 bales;
sales - bales; stock 1921 bales
AUGUSTA, 1Iay 1s.--Cotton firm; middling
| 1016c; receipts bales: sales 76 bales
CHARLEsToN, May 1e.-Cotton quiet but firm;
middling 1012c net receipts 2O9 bales gross FOB;
sales 10 bales; stock 1914 bales; exports, coast
wise 81 bales.
ATLANTA, May 1S.-Cotton--middling 10c; re
ceiptS bales.
ceipts for all cotton ports to-day 1856 bales;
ports to Great Britain /, 900 bales; stock at all
American ports 3T4,5S1 bales.
PROVISIONS, GROCERIES, ETC.
LIVERPOOL, May ia, noon.-wheat firm, with
good demand holders offer moderately; Cali
fornia No. l. IS 2d@8s i'd. Corn quiet but steady,
with poor demand.
NEW YoRK, May IS, noon.-Fiour quiet but
steady. Wheat lower. Corn lower. Pork steady
mess sl5 50@16 co. Lard easier at $7 Freights
steady.
5:O6p m-FIour, Southern quiet. Wheat A0
nc lower; No red, May delivery 963s@
87c, June seys@e6s4c, July 955sQ95 15-l6c. Corn
generally steady and moderately active, closing
heauy; No 2, May delivery 47}4G146c, July 4776
4sc August 40 1-1604914C. Oats, cash steady
and active; No. 2 mixed, May delivery 531S@
331sc, June 33Is6D93ssc, July $3.50 33$4c. Hops
quiet. Coffee, fair Rio strong at 1916, options
active; No. Rio, May delivery IL 25G117 40c,
June IL 35017 zoe, July II 50G1S 00c. Sugar
steady: refined quiet. Molasses quiet but firm;
500 test 30c. Cotton seed ol-S3c for crude,
3a039lSc for refined. Hides steady but quiet:
Wool quiet and unchanged. Pork quiet, Beef
dull Mddles dull and nominal. Lard 607
points lower; Western steam 81 co. June delivery
So 9S66T 90, July 81 030S7 0s. Freights dull.
CHICAGO, May I8.-The prevailing conditions
to-day at the opening We're much the same as
yesterday Cables were firm and reported an
upward tendency in wheat at Liverpool. The
crowd was undecided, and the opening prices
were higher than the close yesterday. June
started at soc, but the majority of the crowd
were disposed to sell. Prices iluctuated rapidly
in the first ten minutes, but kept off the down
side Of SOC for June However, 1t was not
allowed to go below S8lSc. Half an hour after
the session opened few of the boldest traders
in the pit, who got tired Of seeing June hang at
S8lSc and above, apparently for no reason what
ever started In TO find where the bottom of the
market really was, then commenced offering
June wheat at Isd14c below the market. When
they started June was at oolac, and when they